There are lots of different understandings of the term asset management. This session will provide the perspective from Australia and New Zealand. Strategic asset management, as practiced down under, goes beyond good maintenance management. It provides real input, and a valued seat at the table in budget decision-making and long-term planning by elected officials. It is about balancing priorities, risks, levels of service and available funding.

This session will also include a case study about how the Townsville Water agency developed and deployed a Lean Six Sigma Asset Lifecycle Framework and aligned its physical resources (infrastructure assets, funding, and delivery) with business enablers (people, process, and technology) to achieve a desired balance of cost, risk, and performance in service delivery.

Don’t miss these presentations about how to develop an asset management program that focuses on strategic allocation of resources to ensure sustainable delivery of services, not just cutting your maintenance fund to balance the budget.

Learning Objectives: At the conclusion of this session you will be better able to:

Clarify the relationship and trade-offs between levels of service, risks, priorities, and available funding.
Achieve sustainability in business performance through innovative asset management.
Inform and motivate local officials to support establishment of an asset management program.

Chris Champion CPEng

Director International, Institute of Public Works Engineering Australasia

Appearances